Accenture
JUNE 7, 2022
While culture has always played an important role in talent retention at banks, it hasn’t always received the focus and investment it deserves. But as the Great Resignation unfolds and record-breaking numbers of Americans continue to leave their jobs, and as the demand for talent (especially digital talent) in banking intensifies, the need to modernize organizational….
Accenture
JUNE 6, 2022
If you’re like me, you’re always looking for the most expedient way to get things done right. However, to my mind, what’s even better is finding a way that may offer a faster result and puts me in a favorable position to adjust as needed in the future. It’s like with home renovations. I ask…. The post How microservices could be your fast path to growth appeared first on Accenture Banking Blog.
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SWBC's LenderHub
JUNE 6, 2022
Chances are, your financial institution is currently looking to fill open positions—but we all know that work doesn’t stop coming in just because you don’t have the employees needed to handle it. As the Great Resignation shows no signs of slowing anytime soon, retaining your current team members is more critical than ever.
Payments Dive
JUNE 6, 2022
Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Perficient
JUNE 10, 2022
In a recent speech and interview with the Institute of International Economic Law at Georgetown University, current Acting Comptroller of the Currency Michael J. Hsu gave numerous remarks on the architecture of stablecoins. According to the Comptroller, the architecture for a stablecoin system can be viewed through the lens of three key policy issues: Stability.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
JUNE 9, 2022
Many community banks are searching for ways to increase fee income, and many bank CEOs have concluded that fee income is a significant driver of revenue and profitability. We argue that larger banks do not have an inherent advantage over community banks in generating fee income because of their scale. Most fee income generated by larger banks is not related to investment banking, wealth management, cryptocurrency, or Fintech.
Payments Dive
JUNE 8, 2022
As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say.
Abrigo
JUNE 8, 2022
June is Elder Abuse Awareness Month. June 15 is World Elder Abuse Awareness Day. Now is the perfect time for financial institutions to reassess elder financial exploitation red flags. You might also like this webinar, "Elder Financial Exploitation – The Hidden Crime." WATCH . Takeaway 1 Elder abuse and elder financial exploitation continue to be growing concerns.
SWBC's LenderHub
JUNE 6, 2022
Last Week. It was another wild rollercoaster ride for the financial markets in the holiday-shortened week as equities, corporate debt, and risk-free rates reminded me of Evelyn Cross (Faye Dunaway) in the 1974 classic, Chinatown, “Hard landing, soft landing, worst is over, still more to come, long rates capped, still have a long way to run, etc.”.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
South State Correspondent
JUNE 10, 2022
May CPI Hits 40-Year High. May CPI disappointed markets with a hotter-than-expected read and that has sent short to intermediate Treasury yields higher once again. The overall inflation rate rose a full 1.0% for the month which was well above the 0.3% increase in April and higher than the 0.7% expected. Rebounding gas prices and food were the primary culprits.
Payments Dive
JUNE 7, 2022
The Electronic Transaction Association and the Stellar Development Foundation provide their take on this week’s bipartisan Senate bill to create a regulatory framework for cryptocurrencies.
BankUnderground
JUNE 8, 2022
Marco Bardoscia, Benjamin Guin and Misa Tanaka. There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. The Bank of England will host a conference later this year to discuss the points in favour of and against adjustments to the regulatory capital framework to take account of climate-related financial risks.
Cisco
JUNE 7, 2022
The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. Beginning with the bursting of the dot-com bubble, and more recently, the global COVID-19 pandemic, these events created significant volatility in stock prices resulting in increased market risk. In between these events, a different crisis began in the US sub-prime lending market.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
South State Correspondent
JUNE 8, 2022
Banks don’t respect the power of understanding customer lifetime value (CLV). It is the one performance metric with the highest correlation to long-term bank profitability, around 88%. It is more important than margin, cost of funds, non-interest income, and loan profitability COMBINED. Not only do few banks calculate it, but many banks also spend resources destroying CLV without knowing it.
Payments Dive
JUNE 10, 2022
That was the annual increase tallied this week by EMVCo as part of its work to streamline payment protocols for merchants and improve the security of their transactions.
ATM Marketplace
JUNE 7, 2022
Do you know of an innovative solution or experience in the financial industry space that you think the world should know about? Then, you should submit a nomination for the Bank Customer Experience Summit Awards, but you need to do it fast, as submissions close June 10.
Bobsguide
JUNE 10, 2022
EMIR Refit: 69% of firms expect serious challenges when building up matching, reconciliation and exception management capabilities. The incoming EMIR Refit regulation will increase sell-side and investment firms’ reporting requirements to a level where submitting new data fields and new combinations of actions and events could cause significant delays and run the risk of fines, a study from Acuiti has found.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
South State Correspondent
JUNE 8, 2022
Oil Prices Hit Cycle High, Treasury Prices Head Lower. With the Treasury set to auction $21 billion in 10yr notes this afternoon, the market finds itself on the defensive yet again with the 10yr yield back over 3%, currently at 3.02%, off 11/32nds in price. In fact, 3-handle yields begin at the 5yr mark at 3.03% as inflation concerns, and just how many Fed rate hikes are in our future weigh on the market.
Payments Dive
JUNE 7, 2022
Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.
ATM Marketplace
JUNE 10, 2022
When thinking about innovation, ICX keynote speaker Andrew Laudato believes there are several factors businesses should follow to be successful and retain valuable employees. His biggest point of emphasis, however, is rather simple, but an aspect many companies overlook: Innovation thrives when you get your house in order.
TheGuardian
JUNE 10, 2022
As more banks go numberless to help stop fraud, we look at what it means for security and ease of use First there was the contactless revolution; now credit and debit cards are going numberless. Increasingly, banks are relegating information such as the 16-digit long number and the expiry date to the back of the card, while a few are going the whole hog and not printing them anywhere.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
South State Correspondent
JUNE 8, 2022
For decades community banks have structured fixed-rate loans with adjustable features – the most popular structure is a ten-year fixed-rate loan with a five-year reprice. With short-term interest rates expected to rise through 2022, many community banks are reconsidering their ALCO strategies. What percentage of a community bank loan portfolio should be fixed-rate, and what fixed rate term is optimal for a loan portfolio?
Payments Dive
JUNE 7, 2022
A shareholder is pushing Square parent Block to give up super voting shares. The proposal will be voted on at Block’s annual meeting next week.
ABA Community Banking
JUNE 9, 2022
The ABA Stonier Graduate School of Banking recognized 118 graduates yesterday, awarding Stonier diplomas and Wharton leadership certificates. The post ABA Stonier School Graduates 118 appeared first on ABA Banking Journal.
TheGuardian
JUNE 10, 2022
Assessment finds customers could access accounts despite any collapse but three banks have shortcomings The UK’s largest banks are no longer “too big to fail” and could foot the bill for their own failures, the Bank of England has said, but it found shortcomings at three banks including HSBC and Lloyds. Almost 14 years on from the financial crisis that threatened a collapse of the banking system and led to huge taxpayer bailouts, the Bank of England’s first public assessment of lenders’ “living
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
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